N.Y. Lien Law 246-A – Bail bond to act as lien on real estate
§ 246-a. Bail bond to act as lien on real estate. Upon the execution of any bail bond and an affidavit of justification as set forth in the provisions of subdivision four of § 520.20 of the criminal procedure law, between any person or corporation and the people of the state of New York, there shall attach to the real property described in the said affidavit of justification as hereinafter provided, a lien in favor of the bail bond, which lien shall remain in full force and effect until a certificate of discharge has been filed pursuant to the provisions of § 246 of the lien law. Whenever final judgment has been rendered in the criminal action or proceeding for which such bail bond shall have been executed or whenever the bail has been exonerated by order of the court, the attorney general of the state of New York or the district attorney of the county in which such action or proceeding is pending or maintained, shall execute a certificate of discharge of such lien, provided it shall appear that the prosecution has lost no right thereunder.
Terms Used In N.Y. Lien Law 246-A
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.